Follow the steps below to start your Fixed Asset (FA)
| 1. | Chart of Accounts - Prepare your Fixed Asset and Accumulated Depreciation accounts |
| 2. | Group master - Preset and arrange FA by the group (e.g. office equipment, furniture and fittings) |
| 3. | Category Master - (Optional) Define your FA by category (subset of office equipment : table, computer, printers, etc) |
| 4. | Location master - Define your location that your assets will be placed (especially if you have profit centre or retail outlets) |
| 5. | Brand master - (Optional) FA brand (e.g Acer, Apple, Borsch, etc) |
| 6. | Asset Group Default Setting - Pre-set the method of depreciation of each group, useful life, |
| 7. | Reference Number for FA posting |
| 8. | Asset Master - create new asset code for newly purchased fixed asset or existing fixed assets with balance useful life |
| 9. | Asset Monthly Depreciation - Post your monthly depreciation to your GL journal |
Next Topic : Step 1/11 of Chart of Accounts
Related Topics |
Getting started : Fixed Assets Register 11 Steps to getting FA started |
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Watch all videos: |
http://realtimme.cloudapp.net/basic/index.html?Getting_Started_FA.htm
